Dubaidude

Generally you need to undergo a lot of procedures and wait a good amount of time to start a new business. Because it involves obtaining a few licenses and dealing with Ministry of Commerce and some other government wings. But buying an already existing business may not take that much process. So what is easy and risk-free in Dubai? Starting a new business or Buying a business that is for sale?

According to a World Bank report, It takes around 11 procedures to start a new business Dubai. And depending on the type of the business, it might take around 10 to 15 days to start a new business, in some cases it might even take 30 to 40 days if it involves taking labour permission etc. So it looks starting a new business is somewhat time-taking process, it might even be risky owing to the rule that you are required to have a local partner who holds the majority interest of the business.

But on the other hand buying a business in Dubai is much simpler process. You are not required to have capital, nor any sponsorship. You just need to agree on a price and complete the transfer paper work by visiting a UAE local Chamber of Commerce.

sanju123

Both of the business opportunities seems to be very promising. For me taking up already running business is surely a better deal,not only in Dubai but anywhere.As far as your reasoning goes it seems again that buying a business is a better proposal.

liowkc

As a newcomer to a foreign country, I will play safe and not buy a existing business or start a new one. I will be an employee awhile and wait for opportunities to strike out if I stay in Dubai long enough.

princee18

yes i agree with sanju because in a foreign country its better to saty on safe side.I prefer an already running business.In beginning it may generate some saturated income but your talent can surely raise you.

sanju123

Of course it is a better deal, it is not practical in Dubai this fact remains for any kind of business anywhere around the world.

liowkc

Buying a home or a business is a serious affair especially in a foreign country. Though Dubai is quite liberal in business regulations, I think it is best to spend some time knowing the laws and customs before taking the plunge.

digitaljohn

Very true. Even buying a sinking, unsuccessful business is many times safer than starting your own. You can get a business like this very cheap, and often times the previous owner just didn't know one or two key things to make the business successful. Either that, or the previous owner didn't realize how much work a business really takes, and didn't put forth enough effort to be successful.

With the right attitude, you can turn around ANY business. That said, if you have the right attitude you'll have no problems starting your own either, but profit may not come as quickly.

ghuraba_t

I'd say start a business. Buying a business has to many strings attached that you may not have considered and can come back to haunt you later. You may have a lot of people coming after you and charging you fees for things that you never thought about and were never aware of. You may also not know about previous customers and their effects on your business.

janice

i agree with you. buying a business is much easier than building it. it does not only apply in Dubai but also in other countries.